The following information has been obtained on Alberta Drilling Company for 2022.
The inventory turnover and average day's sales in inventory for Alberta Drilling Company are:
A) Inventory turnover: 67.59; Average days sales in inventory: 5.40 days
B) Inventory turnover: 40.56; Average days sales in inventory: 9.00 days
C) Inventory turnover: 9.00; Average days sales in inventory: 40.56 days
D) Inventory turnover: 5.40; Average days sales in inventory: 67.59 days
Correct Answer:
Verified
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C)Inventory/Cost
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